Currently: Cash Looking to: Buy @ $70.25
As of 10/12/18 close: $71.34
UPDATE: Last week, I suggested buying @ $72.30 with stops below $72 and with a target of $76.40.
Things are not as bullish technically for crude as they were two weeks ago. Even as things deteriorate, sharp rallies may occur. Im thinking we see a bounce off of $70.25 or so that could take prices to $76.
With trading money, I would be buying at $70.25 with stops below $69.75 and with a target of $76.00. For those with a bit longer of a time horizon, I would wait for a test of $76.41 with stops above $78 and with a target of $55.